Takkt (ETR:TTK) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Takkt Ag (ETR:TTK)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of €2.62 and traded as low as €2.45. Takkt shares last traded at €2.45, with a volume of 12,876 shares trading hands.

Takkt Price Performance

The company has a debt-to-equity ratio of 41.53, a current ratio of 1.26 and a quick ratio of 0.77. The stock has a market cap of $170.28 million, a price-to-earnings ratio of -72.04, a price-to-earnings-growth ratio of -30.58 and a beta of 0.56. The business’s 50-day simple moving average is €2.62 and its two-hundred day simple moving average is €3.39.

About Takkt

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, the rest of Europe, and the United States, and internationally. The company operates in three segments: Industrial & Packaging, Office Furniture & Displays, and FoodService. The Industrial & Packaging segment offers pallet lifting trucks and swivel chairs; special-purpose products, including environmental cabinets and containers for hazardous materials, as well as collapsible boxes, package paddings, shipping pallets, and stretch films under the kaiserkraft name; shipping packaging products under the ratioform brand; and a wide range of office furniture and business equipment under the BiGDUG and OfficeFurnitureOnline names.